All Grocery articles – Page 550
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News
Kroger sales up 7.1% to £50.5bn
Grocer Kroger reported that sales for the full year increased 7.1% to $82.2bn (£50.5bn). Excluding fuel, total sales increased 3.4% while like-for-like sales were up 2.8%. Net income amounted to $1.12bn (£688m), compared with the $70m (£43m) reported in fiscal 2009. Operating profit totalled 2.65% of sales during the fiscal ...
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NewsFlat week for John Lewis, but Waitrose up
John Lewis sales were flat in the week to 5 March, while sister department chain Waitrose managed a 9.3% increase.
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News
KF Gruppen sales drop 1.5% to £3.5bn
Supermarket group KF Gruppen reported consolidated net sales of SEK36.66bn (£3.5bn) for the financial year ended December 31 2010, a 1.5% decrease on fiscal 2009.Operating profit fell from SEK816m (£79m) to SEK628m (£60.8m). Net profit amounted to SEK112m (£10.8m), compared with SEK224m (£21.6m) in 2009.
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News
Dairy Farm sales rocket 13.2% to £5.6bn
Dairy Farm experienced a solid 2010 fiscal year as “favourable trading conditions persisted in its Asian markets”.For the year ended December 31, 2010 total sales, including those from associates, rocketed 13.2% to $9.1bn (£5.6bn). Net profit jumped 12.9% to $411m (£253m).Dairy Farm continued to expand organically and through acquisitions in ...
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News
Asda gets the go ahead from OFT for Netto deal
The Office of Fair Trading has ruled that Asda’s acquisition of Netto will not be referred to the Competition Commission.
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NewsOcado sales boost fails to convince the City
Ocado posted a first-quarter performance in line with City expectations, but some brokers continue to question the online grocer’s model.
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NewsMorrisons profits up and takes 10% stake in US online grocer
Morrisons has reported a rise in annual profits and taken a 10% stake in US online grocer FreshDirect to help it build its online food offer in the UK.
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AnalysisRichard Hodgson
Having played pivotal roles at Waitrose and Asda, Richard Hodgson is now at the heart of the next phase of Morrisons’ growth, in particular driving own-brand.
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NewsAsda given go-ahead from OFT for Netto conversions
Asda’s acquisition of Netto has been cleared by the Office of Fair Trading and will not be referred to the Competition Commission.
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NewsJohn Lewis Partnership profits up 20%
The John Lewis Partnership has reported profit before partnership bonus and tax up 20% to £367.9m, with staff receiving a bonus of 18% of salary.
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NewsFood inflation stabilises
Food inflation has stabilised following sharp increases, as grocers gear up promotions.
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NewsWaitrose goes live with new website
Waitrose has launched its revamped website as it prepares for rapid expansion of its ecommerce sales over the next 10 years.
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NewsFortnum & Mason to sell Highgrove food products
Fortnum & Mason has secured a partnership to exclusively stock Highgrove food products.
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NewsSainsbury's reveals secret to the perfect pancake
Sainsbury’s and the University College London have teamed up to develop the perfect formula for pancake tossing.
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NewsAsda celebrates International Women's Day
Asda is celebrating International Women’s Day today with the launch of several initiatives to recognise women’s equality.
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NewsFebruary retail sales worst since May 2009
Like-for-like sales fell 0.4% across the retail industry in February as shoppers kept a close eye on spending because of squeezed disposable incomes.
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NewsJohn Lewis to raise £50m through retail bond
John Lewis Partnership, owner of the eponymous department store chain and grocer Waitrose, is to raise £50m through a retail bond.
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NewsSainsbury's launches into children's books
Sainsbury’s has launched its first range of own brand pre-school children’s books as part of a wider initiative to increase own brand and branded books.